Logica has posted financial results for 2010 which shows that they are "positioned for growth".

At £3,697 million, full year revenue inched up one per cent on an adjusted 2009 total, but revenue in the fourth quarter was up 4 per cent.

The results were ahead of analysts' predictions of £3,683m even though major public sector contracts have not been forthcoming.

In the past, Logica has been better known for its consulting work than outsourcing. But last year the group's consulting and professional services business shrank 5 per cent while outsourcing grew 10 per cent